Transifex Secures $4M in Series A Funding
Summary
Transifex, a Menlo Park, CA-based provider of a Localization Automation Platform (LAP) for technology companies and Open Source communities, secured $4m in Series A funding.The round was led by Toba Capital with participation from New Enterprise Associates, Arafura Ventures and angels including Parse founder and CEO Ilya Sukhar.The company intends to use the funds to continue product development and expand marketing and sales.Led by Dimitris Glezos, CEO and founder, Transifex provides a Localization Automation Platform that powers the process of launching digital products and content into multiple languages.Clients include companies like Atlassian, Coursera, Eventbrite, Kixeye, and Waze.
Funding
Amount
$4.0M
Total raised
Date
July 7, 2015
Announcement date
Investors
Toba Capital, New Enterprise Associates
Lead investors
Company
http://www.transifex.com
Funded company
Classifications
industries
Hospitality
applications
Customer Service & Support
AskAI Classifications
Labels
Software Localization
SaaS
AI-powered Translation
Linked Companies
Transifex
$10M to $25M